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During a certain 3 year period, the consumer price index (CPI) increased by 20%, but during the next three-year period, it only increased by 5%. Which of these conditions must have existed during the second three year period?

A. Recession

B. Deflation

C. Inflation

D. Depression

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Answers (1)
  1. 1 July, 01:39
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    My answer was inflation
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